The growing importance of failure as a strategy for success
Traditional businesses that make a habit of trying out new ideas are more likely to survive disruptive innovations, even if most of those experiments end in failure, says Amy Wilkinson, entrepreneur and author of the The Creator’s Code: The Six Essential Skills of Extraordinary Entrepreneurs. “You can fail catastrophically if you aren’t trying anything new,” she says. “What you want to be doing is failing incrementally.” Starting this week, Wilkinson will be at the Worldwebforum, where CNNMoney Switzerland is a media partner.
Fighting the war against terrorist financing
The world’s top 10 terrorist organizations have an estimated annual budget of USD 3.6 billion, according to AlixPartners. Veit Buetterlin, a director at the consulting firm, warns that the fight against the financing of terrorism needs to be a collective effort by countries as it becomes more globalized and complex.
Investors cast eyes ahead to U.S. election “Super Tuesday”
March 3, also known as Super Tuesday, is a key date in the U.S. primary elections that will give investors important clues as to which candidates are leading the race. It will also set the course for markets, says Thomas Wille, head of research and strategy at LGT.
Swiss entrepreneurs double as investors in start-ups
Wingman Ventures, a Zurich-based firm focused on financing early-stage Swiss technology start-ups, has invested $10 million of the $50 million it has raised to date. This is according to Alex Stöckl, who started the company in 2017 with Pascal Mathis and Lukas Weder, co-founders of GetYourGuide and EAT.ch, respectively. He says finding investors for the fund has been far harder than finding start-ups to invest in. Companies in the portfolio include Wingtra, Ava and 9T Labs.
Bitcoin investors forecast rally in 2020 ahead of “halving”
Expect higher Bitcoin prices this year, but also more volatility, ahead of the “halving” of Bitcoin, says Alain Kunz, founder and CEO of TokenSuisse. He expects Bitcoin to rally to over $10,000 in 2020 but also adds that the halving process—where miners’ reward is cut in half—may already be largely priced in.
U.S. election to dominate markets in 2020
This could be a tough year for stocks, with the U.S. presidential race likely to keep investors guessing through the summer, says Matthias Geissbühler, chief investment officer at Raiffeisen Switzerland. “It’s hard to see markets rally ahead of the election.”